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EUROPE SET TO OPEN LOWER AS U.S. EARNINGS SEASON KICKS OFF (0540 GMT)
After touching fresh record highs last week, European bourses are seen opening lower mirroring Asia shares as earnings season in the U.S. kicks off with investors looking for signals that earnings can justify sky-high valuations.
Global investors are also expected to react after an anti-monopoly probe in China found the e-commerce giant Alibaba (NYSE:BABA) Group Holding BABA.N abused its dominant market position for several years.
China slapped a record 18 billion yuan ($2.75 billion) fine on the e-commerce giant and reverberations could be felt beyond the Asian country as over a third of the stock is held by U.S. investors.
Over the weekend, Fed Chair Jerome Powell said the economy is about to start growing much more quickly, though the coronavirus remained a threat.
(Joice Alves)
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